Recently, the Korean automobile market has become interesting for many buyers in Eastern Europe. The main reason is, of course, the prices for used cars, because in South Korea they are still 20-30% lower, even taking into account the associated transportation costs. And, of course, the cars themselves are of great interest. In Korea, the largest selection of Korean cars in original equipment, and at Korean auctions you can buy cars of European brands, which are much more attractive than those sold in Europe. It is not easy to buy a car in South Korea. That is why we have collected all useful information about how to buy a car from a Korean auction, how much it may cost, how long you have to wait for the car in your country.
International auto auction PLC Auction
With the development of the direction, many companies are trying to establish the sale of Korean cars. Some provide only the service of searching for suitable options according to the buyer’s requests, and some provide access to auctions, where the buyer chooses the car himself, and can participate in the bidding, make payment, that is, gets control over the purchase process.
PLC Auction, which we want to tell you about, is different from many existing platforms. The international platform, which brought together 55 auctions from different countries and continents (USA, South Korea, Japan, Europe, UAE) has been operating for more than 10 years. In addition to auctions, there are sites where you can buy a car at a fixed price. Thus, PLC Auction today is one of the largest platforms for selling cars without borders, which has a dynamically developing huge base – about 6 million offers. The main advantage of this platform is that a client does not need to become a client of several different auctions to find the best offer. You register once on the PLC Auction website and get access to all auctions in the world, including South Korea.
The difference and advantage of PLC Auction is that the buyer after registration gets the opportunity to independently search, participate in the auction, can track the delivery, can check the car directly on the site by VIN code and even order an inspection of the car on the spot. PLC Auction has its representative office in Korea, where the inspector can go to the parking lot, conduct an inspection of the car, paintwork testing, technical diagnostics, test drive and will make a detailed photo-video report for the buyer on the results of this inspection.
Becoming a client of PLC Auction means getting access to all the services and facilities of the auction – from consultation and assistance in interacting with the platform to full support of the transaction and delivery of the car to the client’s country. The site itself is organized in a very simple and clear way, so that it is easy for the buyer to find the desired option, using a variety of filters on the search parameters.
The PLC Auction website collects auto offers from Korea from the most famous Korean auctions, where used cars are sold through bidding and in a “buy it now” format.
How to buy a car from Korea – detailed description of the process
The first step is to register on the auction website. To register, you need to upload a scan of an identity document. This can be a citizen’s passport, passport or driver’s license. Document verification is automatic and takes no more than 3 seconds.
The second stage of the purchase is making a deposit. Its amount is 10% of the cost of the car. Thus, you should decide on your budget in advance. The deposit indicates the seriousness of the buyer’s intention. In the future, these funds can be used to pay for part of the purchase, and can be saved for the future (for the next purchase).
The third stage is to search for car variants according to the specified parameters (according to the buyer’s requests). After making a deposit, the buyer gets full access to the catalogs of Korean and other auctions on the platform and to participate in the bidding. You can consider several variants of the car to then settle on one that best meets your requirements.
The fourth step is the inspection. The selected car can be checked in two ways. The first is by VIN code to find out the original equipment, real odometer readings, history of the vehicle. The second way available to PLC Auction customers today is an on-site inspection by an inspector.
The fifth step is bidding. The buyer makes his bids. It is best to do it in the last minutes of bidding, then the chances of winning are higher. Inexperienced buyers do not always succeed in the first auction. But there is no need to be upset. Your deposit does not “burn”, and you have every chance to buy a good car from the auction. If the auction is successful for you, proceed to the next step.
The sixth stage is payment. If you are the winner of the auction, you will receive a purchase invoice in your personal account. You must make payment within 3 days. There are different payment methods available at PLC Auction – via bank cashier, MasterCard, Visa, American Express, etc., Apple Pay, Google Pay.
The seventh stage is the delivery of the car from South Korea. All logistics are handled by PLC Auction specialists. The buyer has the opportunity to monitor the transportation process in real time through his personal account.
What is included in the cost of buying a car from Korea
The cost of buying a car from Korea on the PLC Auction platform includes a range of services:
- Consultations with managers, training in the use of the site, selection of options according to the client’s requests.
- The cost of the vehicle itself.
- Auction Commission.
- Shipping, which includes such steps – sea freight, loading/unloading, overland transportation of the vehicle to the recipient country + port charges.
- Customs duties (paid by the buyer himself).
If we talk about a specific amount, it depends on many factors, so the platform’s website has a unique feature – a calculator, with which you can calculate the cost of car delivery, taking into account its value, your location.
Due to many years of experience, large volumes of transportation PLC Auction has efficient logistics and can offer the most favorable conditions of car delivery from South Korea.
Korean direction is one of the most popular on the PLC Auction platform, but it is far from the only place where it is profitable to buy used cars. So, we recommend you to consider options at other auctions, especially since there is a huge range of cars available here.